CPO Prices on KPBN Inacom Fell on Wednesday (19/6), While at Malaysia Exchange Increased

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CPO Prices on KPBN Inacom Fell on Wednesday (19/6), While at Malaysia Exchange Increased. Photo by: Palmoilmagazine.com

PALMOILMAGAZINE, JAKARTA – Crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was Rp 12,795/kg on Wednesday (19/6/2024), but was withdrawn (WD) with the highest bid at Rp 12,726/kg. This was a decrease of Rp 61/kg, or about 0.48%, from the tender on Friday (14/6/2024) which was Rp 12,787/kg.

According to KPBN, CPO Franco in Belawan and Dumai was Rp 12,795/kg, but withdrawn with the highest bid at Rp 12,726/kg. In Talang Duku, it was Rp 12,595/kg but withdrawn with the highest bid at Rp 12,466/kg.

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Crude palm kernel oil (CPKO) in Lampung was Rp 16,239/kg, but withdrawn with the highest bid at Rp 15,500/kg. In Palembang, CPKO was Rp 16,096/kg, but withdrawn with the highest bid at Rp 15,820/kg.

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As quoted from Reuters, CPO contract price at Malaysia Derivatives Exchange (Bursa Malaysia) got escalated on Wednesday (19/6/2024) as other vegetable oils got more expensive at Dalian Commodity Exchange, and covered up some losses in the previous sessions.

CPO reference contract price for September 2024 delivery at Malaysia Derivatives Exchange got escalated RM 46 per ton or about 1,18% to be RM 3.929 (US$ 834,54) per metric ton in the midday.

Still from Reuters, soyoil contract price at Dalian did increase 1,17%, CPO contract price got escalated 1,47%.

Here are tenders at KPBN (Rp./Kg), excluded income tax on Wednesday (19/6/2024):

CPO:

  • Franco Belawan and Dumai Rp. 12.795 (WD) with the highest bid Rp. 12.726-MM, IBP
  • Talang Duku Rp. 12.595 (WD) with the highest bid Rp. 12.466-PAA

CPKO:

  • Lampung Rp. 16.239 (WD) with the highest bid Rp. 15.500-AMJP
  • Palembang Rp. 16.096 (WD) with the highest bid Rp. 15.820-SAP. (T2)
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